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need ans soon QUESTION 39 A stock is expected to return 9% in a normal economy, 11% if the economy booms, and lose 5% if
need ans soon
QUESTION 39 A stock is expected to return 9% in a normal economy, 11% if the economy booms, and lose 5% if the economy moves into a recessionary period. Economists predict a 58% chance of a normal economy, a 22% chance of a boom, and a 20% chance of a recession. The expected return on the stock isStep by Step Solution
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